32:2-23.8. Definitions
244 words·~1 min read·
/nj/title-32/chapter-2/32-2-23-8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The following terms as used herein shall mean:
"Bonds" shall mean bonds, notes, securities or other obligations or evidences of indebtedness.
"General Reserve Fund statutes" shall mean chapter 48 of the laws of New York of 1931, as amended, and chapter 5 of the laws of New Jersey of 1931, as amended, and "General Reserve Fund" shall mean the General Reserve Fund of the Port Authority authorized by said statutes.
"Narrows Bridge" shall mean not only the bridge itself but also its approaches, connections, additions and improvements.
"Narrows Bridge bonds" shall mean bonds issued by the Port Authority to provide funds for Narrows Bridge purposes or bonds secured in whole or in part by a pledge of the revenues of the Port Authority from the Narrows Bridge or bonds so issued and secured.
"Narrows Bridge purposes" shall mean the effectuation, establishment, construction, rehabilitation, improvement, maintenance or operation of the Narrows Bridge and purposes incidental thereto.
"Real property" shall mean lands, structures, franchises and interests in land, waters, lands under water and riparian rights, and any and all things and rights included within the said term, and includes not only fees simple absolute but also any and all lesser interests, including but not limited to easements, rights-of-way, uses, leases, licenses and all other incorporeal hereditaments and every estate, interest or right, legal or equitable, including terms for years and liens thereon by way of judgments, mortgages or otherwise.
L.1956, c. 12, p. 39, s. 3.